The web’s most detailed Indacoin review: Indacoin is regulated by the FCA in the United Kingdom and has since its inception in 2014 proven to the UK crypto scene that they are here to stay. Invest among 100 altcoins with a great growth potential directly with your VISA or Mastercard through a very user-friendly interface. This beginner-friendly crypto exchange has lately made a name for itself and we decided to dig deeper to find out exactly what’s going on here. Read the full story in our Indacoin review.
• Regulated platform in the UK
• Excellent customer support
• Available in over 200+ countries
• Fees are on the upper end of the ladder
• Only fiat payment method is with Visa and Mastercard
• Not possible to exchange from crypto to fiat
In this section of our Indacoin review we highlight 6 special features that deserves extra attention.
Indacoin is a UK-based cryptocurrency exchange with a fiat on-ramp solution that lets you purchase over 100 different coins with Visa and Mastercard. The platform is regulated in the United Kingdom by the Financial Conduct Authority (FCA) and has been operating since 2014, making them a veteran trading platform in Trading Browser terms.
The operating company of Indacoin is called Indacoin LTD and has the main office registered at Suite 4B, 43 Berkley Square Mayfair, London, W1J 5FJ, Great Britain. Indacoin is a very user-friendly crypto exchange where no account registration is needed to purchase cryptocurrencies with a bank card. However, get ready to verify your identity through their KYC process when buying coins with fiat.
Why use Indacoin
The Indacoin exchange is best suited for investors who are looking to purchase coins with a bank card or exchange from crypto-to-crypto with ease. The platform is aimed at beginners due to the user-friendly interface but seasoned crypto investors will find it very useful thanks to the great reputation and the selection of altcoins.
On Indacoin you can buy coins with full transparency. Yes, there are fees but they are always displayed before you complete the transaction. This gives you full control over how much you are spending when investing in cryptocurrencies. Indacoin also has a mobile app where you can buy crypto just as seamlessly as on the desktop web version. Indacoin suits both small and large investors thanks to very generous limits.
Trading on Indacoin
When trading on Indacoin you are able to swap between coins, crypto-to-crypto. You cannot send coins to the platform directly but when you purchase any digital asset it is immediately tradable with any other coin on the platform. This comes in very handy for investors who want to handle all their transactions on one trusted platform. Buy BTC for example and trade it for several other altcoins with a bigger upside growth potential.
Indacoin does not offer a trading interface for day traders and there we consider this exchange to be best used by medium to longer-term investors who are interested in picking the right coin after analyzing the team, white paper, and the technicals. Indacoin also has a very fast transaction processing time which makes it great for eager traders that just found a new cheap cryptocurrency on the market and can’t wait to buy it.
If you don’t have a crypto wallet address, Indacoin will help you out by providing a brand new address.
Payment methods and limits
Today, Indacoin offers fiat payments through VISA and Mastercard. The minimum deposit is $10, there is no minimum withdrawal, and the maximum withdrawal limit is very high and depends on the coin you would like to withdraw.
Indacoin does not offer fiat withdrawals as of yet.
Indacoin category rating
Things we don’t like
I would like to see a fiat account and also the option to exchange crypto to fiat with a fiat withdrawal system. This combined with the FCA regulation would be a great hub for many traders to funnel fiat in and out of the blockchain system.
Set aside this minor pitfall we consider Indacoin to be an excellent place to invest in cryptocurrency projects and we highly recommend all our investors and traders to give it a try!
Indacoin Trading Fees
About the Special Features on Indacoin
Indacoin is an easy-to-use cryptocurrency exchange that is based in the United Kingdom and we consider the exchange to be an excellent choice for people who have just recently started their crypto investment journey. On Indacoin exchange you can purchase cryptocurrencies with both Visa and Mastercard with ease. One of the best things about the exchange is that they are 100% transparent about their fees, before completing your purchase, will you be able to see the exact details about which fees you are actually paying for.
What we also need to point out is that Indacoin’s technical support is open 24/7 and all inquiries are answered at a high speed. It only took a few seconds for us to get in contact with their customer support and they were able to answer all of our questions in a professional manner.
Indacoin Loyalty Program
On the Indacoin platform can you take advantage of the Loyalty program and buy cryptocurrencies with 0% fees forever. In order to do this, you must buy the INDA token, you will then receive a guaranteed cashback based on how many INDA tokens you have on your account. If you have 0-100 tokens you will get 1% cashback, if you would have more tokens than that you will be able to get up to 12% cashback.
How to Register on Indacoin
As we mentioned before, the Indacoin platform is a great choice for the non-experienced crypto person. In order to register yourself for a new account, you have to follow the following steps:
1. Visit the website.
2. Click on register on the top right corner.
3. Confirm your phone number.
4. Verify your identity.
All set and done, you are now able to purchase cryptocurrencies on Indacoin!
Whenever you make a transaction on Incoind you will get a full review of the fees you are going to pay. There are few steps before you can claim your coins when purchasing with your VISA or Master card and in the third step called “Details”, Indacoin will show all fees included in the transaction. This is a great feature that not many crypto exchanges have. It tells a lot about the team behind Indacoin and I respect them for that!
If you enjoy the Indacoin desktop version you must download the Indacoin crypto app. It works in the same way as the browser platform but in a smaller format. Buy cryptocurrencies with VISA or Mastercard through your mobile phone with the Indacoin mobile app. The same fees apply to the application!
Our own experience with Indacoin
Indacoin Funding Methods
Indacoin Withdrawal Fee
Is it safe to use Indacoin?
Yes, we consider Indacoin to be a legitimate exchange. They have been operating since 2014 and never had an incident with lost funds. The FCA regulation by the United Kingdom government helps cement the trustworthiness of the platform and you can rest assured that your digital assets are safe with Indacoin.
Is Indacoin a regulated platform?
Yes, Indacoin is regulated by the Financial Conduct Authority issued by the UK Government whose main purpose is to ensure fair markets for consumers and businesses.
Frequently asked questions
Read the most frequently asked questions about Indacoin. Find answers without searching the web.
The Indacoin exchange accepts Visa and Mastercard as payment methods by the time this review was written.
Indacoin is a cryptocurrency exchange that was established in 2014 and they are based in London. Indacoin offers the possibility to buy over 100 different coins without registration.
Yes, United States investors are able to purchase crypto with bank cards on Indacoin. Although you might need to verify your identity so get ready with your driver's license or your passport just in case.
Indacoin is operated by Indacoin LTD.
Yes, you can feel completely safe when using Indacoin. They never share your personal information with any third parties. Their verification process is also fully GDPR compliant.
The exchange is very easy to use. All you need is your email address, driver's license, your crypto wallet address, and you are good to go. From the home page, you can choose which cryptocurrency you want to buy with fiat. From the account dashboard, you can choose any coin you want to exchange with, meaning, crypto-to-crypto trading. At the bottom of the home page, you can locate the charts page that will take you to the technical chart for each cryptocurrency.
On the home page, select your fiat currency, and how much bitcoin you would like to purchase. Add your wallet address and then click Continue. Now, add your home address, and click continue. In this step, you are asked to type in your full name and date of birth. Verify your phone number with the code that is sent to you. When posting the verification code you will be asked to send in your KYC documents. Get ready with your Driver's license or Passport. In the last step, add your bank card details and click continue.
From your account dashboard, click portfolio and select the coin you wish to withdraw from the platform.
The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review.
- LinkedIn – “Indacoin Company“
- Trustpilot – “Indcoin.io“
- Yahoo Finance – “Blockchain Platform QTUM Announces Partnership with Indacoin Limited“